Visa changes coming this year will mean fewer cards for Americans

1 min read

Major changes announced by Visa this week mean Americans will soon not need to carry around as many credit and debit cards.

During Visa’s annual Payments Forum in San Francisco on Wednesday, the company unveiled its new Visa Flexible Credential, which will allow customers to use a single card to access payment options from multiple credit and bank accounts, and even “Buy Now Pay Later” plans when making a purchase.

Visa’s flexible payment option is already available in Asia, and the company will begin rolling it out in the U.S. later this year.

The card giant also said it will be expanding the ways consumers can “tap” to pay using mobile devices this year. 

CREDIT CARD DELINQUENCIES ARE SURGING

Soon, any device can be used as a point-of-sale (POS) device for payment. Customers will also be able to “tap” to confirm their identities, to add a card to a wallet or app, and to make a person-to-person payment.

Chase Bank credit card with "blink" technology is displayed during a press conference at an Arby's restaurant on June 8, 2005 in Denver, Colo.

Visa is also introducing a new Payment Passkey Service that will allow customers to make online payments with a scan of their face or a fingerprint, replacing the need to input passwords or one-time codes.

CREDIT CARD DEBT POISED TO SMASH ANOTHER RECORD HIGH

“The industry is at a pivotal point — new technologies like Gen AI are rapidly shifting how we shop and manage our finances,” said Jack Forestell, Visa’s chief product and strategy officer. 

Ticker Security Last Change Change %
V VISA INC. 259.46 +5.72 +2.25%

“We’re announcing the next generation of truly digital-native payment card experiences,” he continued. “Today we unveiled new card features and digital innovations that will bring consumers into a more customized, convenient and secure future.”

Read the full article here

Leave a Reply

Your email address will not be published.

Previous Story

Amid rising debt levels, some borrowers face increased stress: NY Fed

Next Story

A large percentage of first-generation students have been impacted by FAFSA challenges

Latest from Finance

مشاهير العرب سكس arabpornsamples.com زبر نايم
قصص ن realarabporn.com انجلا وايت
little pussy analpornstars.info chut land ki film
old movies telugu fuckmetube.mobi sapna rathi sex
pandaniku youhentai.org cbt hentai
xx com indian indianpornfeed.com bf vs gf
bf sex sex sex hqtube.mobi husband wife sexy video
desi sex video tumblr sexozavr.com animal fuck women
marathi blue film com xxx-tube-list.info xixxx video
bed room xnxx prontv.mobi real chut image
ytmp4 eroanal.net bhojpuri sexy
fpo xxx indiandesiclips.com nepal call girl
xvideo wwe gotporn.mobi www.indianxnxx
sex videos sunny leone erofreeporn.net hot malayalam actress navel pictures
presyo ng mga bilihin onlineteleserye.com love revolution season 2